The 2024 income statement for Circuit TV and Appliance reported net sales of $$280, 000$ and net income of $$65, 000$ . Average total assets for 2024 was $$800, 000$ . Shareholders' equity at the beginning of the year was $$500, 000$ , and $$20, 000$ was paid to shareholders as dividends. There wereno other shareholders' equity transactions that occurred during the year. Calculate the profit margin on sales, return on assets, and return on equity for 2024.

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The 2024 income statement for Circuit TV and Appliance reported net sales of

$280, 000

and net income of

$65, 000

. Average total assets for 2024 was

$800, 000

. Shareholders' equity at the beginning of the year was

$500, 000

, and

$20, 000

was paid to shareholders as dividends. There wereno other shareholders' equity transactions that occurred during the year. Calculate the profit margin on sales, return on assets, and return on equity for 2024.

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